November 2016 Toronto Real Estate Up!

December 4th, 2016

Number of real estate sales reported to the Toronto Real Estate Board up from 7,337 (Nov 2015) to 8,547 (Nov 2016) (16.5% increase). Average sales price up from $632,774 to $776,684 (22.7% increase).

Looks like the mortgage rule changes that took effect Oct 17 had little effect…let’s see what effect the Nov 30 rule changes will have (stay tuned for December numbers).

http://www.trebhome.com/market_news/market_watch/2016/mw1611.pdf